So the amount of foreclosures in the state has not went down. At this time in Massachusetts there is 4610 foreclosures started in the last 60 days. over 600 of them just in Worcester County.
Every weekend Neil and I read the newspaper and look at the houses, duplex and loft complexes for auction and it kills us that the banks buy then resell when the going price we , if only we had a tad more money could buy and do something with ourselves.
I have been very interested in a CO-OP type housing. Where we live right now is a condo but the feel of a Co-Op housing. For More info on Co-Op housing click here 
With this all people would go into together as a business deal more then individual condo units. I would love to buy this building in downtown that currently has 6 1 bedroom apts, 4 2 bed room and 2 3 bedrooms, plus retail space downstairs. For 400k dollars I could buy this place and for another 100k in upgrades and repairs make it a very nice place to live.
From months and months of looking at places I know what people are looking for. Outdoor space is very important and a great selling tool. So make either a community roof garden, an area where you get to know the people you spend your .5 acres of space with. Community is very important, you want to feel part of something.
Also a home with character, the home does not have to be 200 years old to be unique. Think outside the box….
Anywho…..looking thru the foreclosures in mass and there is some really nice places that only the banks will end up bidding on. How sad